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Talk about robbing the poor

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    Talk about robbing the poor

    Just seen a commercial on that there telly for a short term loan company....

    representative APR 1734%

    #2
    Pah!

    That's practically interest free!

    https://www.wonga.com/HomePage.aspx

    Representative APR 4214%

    Comment


      #3
      Originally posted by DimPrawn View Post
      Pah!

      That's practically interest free!

      https://www.wonga.com/HomePage.aspx

      Representative APR 4214%
      Hasn't Wonga done some kind of deal with Boris Johnson about sponsoring things in London?
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      Comment


        #4
        Originally posted by DimPrawn View Post
        Pah!

        That's practically interest free!

        https://www.wonga.com/HomePage.aspx

        Representative APR 4214%
        Pah! Amateurs.

        Eight-million percent loan shark jailed | Finance Markets

        I raise your 4214% to 8 Million
        What happens in General, stays in General.
        You know what they say about assumptions!

        Comment


          #5
          Originally posted by DimPrawn View Post
          Pah!

          That's practically interest free!

          https://www.wonga.com/HomePage.aspx

          Representative APR 4214%
          WTF

          What did make me laugh was there was a discount code for 25% off. Is that 25% of the total interest or 25% off 1734%?

          Comment


            #6
            Originally posted by TheFaQQer View Post
            Hasn't Wonga done some kind of deal with Boris Johnson about sponsoring things in London?
            I think Gordon Brown got the Olympics financed by them.... at their normal rate of interest of course
            Coffee's for closers

            Comment


              #7
              Originally posted by MarillionFan View Post
              Pah! Amateurs.

              Eight-million percent loan shark jailed | Finance Markets

              I raise your 4214% to 8 Million
              I'm mistaken then....it was a bargain....where's the phone?

              Comment


                #8
                There's hundreds of companies out there ready to lend you up to £1000 on one of these loans, no checks, instant decision, massive APR.

                Can you imagine the tulip you'd be in if you took a grand from a thousand of these companies and then refused to pay up?

                Comment


                  #9
                  Originally posted by DimPrawn View Post
                  There's hundreds of companies out there ready to lend you up to £1000 on one of these loans, no checks, instant decision, massive APR.

                  Can you imagine the tulip you'd be in if you took a grand from a thousand of these companies and then refused to pay up?

                  Comment


                    #10
                    Originally posted by Spacecadet View Post
                    I think Gordon Brown got the Olympics financed by them.... at their normal rate of interest of course
                    Wonga sponsored the free New Year's Eve London travel. Boris, as clear as ever, defended the decision by saying

                    Originally posted by BoJo
                    Well they’re are legitimate outfit and they are licensed to trade in this city, and if they want to sponsor, reduce cost of travel in London then that seems to me to be something that is perfectly acceptable. But what I would say and I would stress this, people should be aware of the extortionate rates of interest that they can charge and people should not enter into irrational or unwise debt obligations...
                    So, they are a legitimate and perfectly acceptable organisation who extort money from their clients.
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